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| Tekijä: | Metcalf, D. |
| Otsikko: | The impact of the national minimum wage on the pay distribution, employment and training |
| Lehti: | Economic Journal
2004 : MAR, VOL. 114:494, p. C84-C86 |
| Asiasana: | Minimum wage Pay Employment United Kingdom |
| Kieli: | eng |
| Tiivistelmä: | Britain's first ever national minimum wage (NMW) came into force in Apr. 1999 covering some 5 per cent of workers. Btw. 1999 and 2002 the NMW rose in line with the growth in average earnings. But for 2003-2006 the NMW will be ratcheted up relative to median pay. The evidence shows that btw. 1998 and 2002 the bottom decile of the pay distribution experienced above average pay rises with no spillover effects further up the distribution. There was no overall employment effect but a small negative impact in the care home sector. The NMW boosts the probability and intensity of training. |
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